4-Unit
New
For Sale
$310,000
10540 Socorro Road, Socorro, TX 79927
Residential Income, Socorro, TX
Property Size3,710 SF
Lot Size0.33 Acres
Price / SF$83.56
Days on Market4
Property Features for 10540 Socorro Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R2
Appliances
Water Heater, Microwave, Free-Standing Gas Oven
Subdivision
Socorro
Elementary school
Campestre
Middle school
Socorrom
High school
Socorro
Elementary school district
Socorro
Middle school district
Socorro
High school district
Socorro
Standard status
Active
APN
380096
Size
3,710 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
23 SOCORRO TR 2 (HISTORICAL DISTRICT) (0.33 AC)
Tax Annual Amount
7884
Legal Description
23 SOCORRO TR 2 (HISTORICAL DISTRICT) (0.33 AC)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Cooling system
Evaporative Cooling, Varies by Unit, Window Unit(s)
Amenities
refrigerated air
Building Details
Year built
1965
Floors in Building
1
Number of units
4
Flooring type
Carpet, Laminate, Tile
Building materials
Stucco
Roof type
Flat, Shingle, Rolled Hot Mop
Listing Agency:
The Real Estate Power Houses
(915) 549-4663
Listed By:
Tim Rich
(915) 256-8444
Added: Nov 3
Last Checked: Nov 6 at 6:06AM
MLS# 953823
Copyright © 2026 Greater El Paso Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1965-built quadplex contains 3,710 square feet across four residences on a 0.33-acre parcel. The unit mix includes a studio, a one-bedroom, a two-bedroom, and a four-bedroom unit; the four-bedroom unit has updated finishes and refrigerated air. Stucco construction and a combination of carpet, laminate, and tile are present. Heating is forced air and central, while cooling varies by unit and includes evaporative and window units. The property is served by public sewer.
Key Highlights
- Four‑unit property with studio, one-, two-, and four‑bedroom residences
- 3,710 square feet of building area on 0.33 acres
- Built in 1965; stucco exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,220
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,400
$564.4K
Cap Rate 7%
$403,143
$403.1K
Cap Rate 9%
$313,556
$313.6K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$54.8K $14.76/SF
− Vacancy
−$3.4K −$0.93/SF
EGI
$51.3K $13.83/SF
− OpEx
−$23.1K −$6.22/SF
NOI
$28.2K $7.61/SF
Area
El Paso County, TX
Vacancy
6.30%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,400
Cap Rate 7%
$403,143
Cap Rate 9%
$313,556
Alternative Uses
Best Use
Multifamily LT 5
$439.5K
$384.6K – $512.8K
NOI $30,765 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$403.1K
$352.8K – $470.3K
NOI $28,220 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$670.5K
$586.7K – $782.2K
NOI $46,933 @ 7.0% cap · market cap 15.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
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Business Placement
Demographics for 79927, TX
40,290
Population
14,284
Households
2.8
Avg Household Size
35
Median Age
10%
College-Educated
70%
High-School Grad
27.4 sq mi
ZIP Area
1,470
Density / Sq Mi
$51,735
Median Household Income
$30,738
Median Earnings
$1,070
Median Rent
$125,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer a mix of studio, one-bedroom, two-bedroom, and four-bedroom layouts.
Where is this quadplex located?
The property is located at 10540 Socorro Road Socorro, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Four‑unit property with studio, one-, two-, and four‑bedroom residences; 3,710 square feet of building area on 0.33 acres; Built in 1965; stucco exterior
